Distance from the record
This close sat 50.94% below the highest silver close recorded up to that date, set on 2011-04-29.
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This page is a historical record of the silver price in 8 October 2020, not the current price.See today's silver price (11 September 2026)
Silver closed at $23.84 per troy ounce on 8 October 2020, down $0.011 (0.05%) from the previous close of $23.85.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 50.94% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $17.62, making this a +35.31% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $23.84 per troy ounce on 8 October 2020. That is $0.01 lower than the previous close of $23.85, a move of -0.05%.
The silver price fell on 8 October 2020, losing $0.01 (0.05%) against the previous session's close of $23.85.
At $23.84 per troy ounce, one gram of pure silver was worth about $0.77 on 8 October 2020. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 79.2 on 8 October 2020, meaning one ounce of gold was worth roughly 79.2 ounces of silver.
A month before 8 October 2020, silver was around $26.86 per troy ounce, so the close of $23.84 is a loss of 11.3% over the month.
A year before 8 October 2020, silver was around $17.62 per troy ounce. The close of $23.84 therefore represents a rise of 35.3% over twelve months.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 50.94% below the highest close on record up to that date, which was set on 2011-04-29.